Electric, diversify: what exactly do you mean? if its to spread your risk by having different brokers: yes I`m going to do that. I have IB now and will have another broker soon. if its different assets: I do have Ozzie stock, going to do more trading the forex market and will be buying a home soon. by having my own home, no matter what happens to my brokers or my other investments, I always have equity and a roof over my head. for all I know, IB might have all their customer funds invested in Greek bonds for a "superior" return before disaster struck. when it comes down to money, I only trust myself.
It's hard to come up with a response to that. Putting that aside, you sound like safety is more important than service, fees, platform choice and anything else that might enable your ability to run a trading business. Safety is important and difficult to quantify. I'm sure BS, LEH and MFG clients felt very safe. Me, I would join the first broker that meet my trading needs. Only one issue is safety. Bob
Bob, I`m sure there are quite a few brokers that would meet your trading needs. after that wouldn`t it be wise to also look at the safety isssue?